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Data: 15,000 ETH transferred out from Fidelity Custody, worth approximately $49.12 million
1m ago
The forecasted market trading volume in December reaches a historic high of $19.1 billion
1h ago
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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China Explores Yuan-Backed Stablecoins to Advance Currency Internationalization
Gate News bot message, Reuters reports that China is exploring the possibility of permitting yuan-backed stablecoins for the first time, according to sources familiar with the matter. This initiative aligns with the country’s ongoing currency internationalization strategy. This marks China’s first step into officially sanctioned stablecoin territory, despite its previous strict stance on cryptocurrencies.